Sell Alert: Take Profits On XLB Puts

Most companies in XLB are highly cyclical, so when the ISM Manufacturing Index starts falling, investors tend to rotate out of cyclical stocks.
We expect XLB to trade lower in the months ahead, but our recommendation is expiring in about six weeks. So, let’s take the current profits realized from this position off the table now.

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Dan Amoss

Dan Amoss, CFA, tracks aggressive accounting and other red flags that markets miss. He’s a student of the Austrian School of economics and Daily Reckoning fan since 2000. Agora Financial relies on Dan for macro market commentary as well as profitable plays like his 2008 call to readers to buy Lehman Bros. puts, which...

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